Cost of Living in Preston, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
88.7
100 = national avg
-11.3 vs national average
Living Wage (1 Adult)
$39,027
per year
Living Wage (Family of 4)
$92,246
per year
Cost Index by Category
Housing78.6
Food96.2
Transportation92.4
Healthcare97.0
Utilities93.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$779
per month
2 Bedroom
$1,022
per month
The overall cost of living index in Preston is 88.7, which is 11.3% below the national average. Housing costs are below the national average at an index of 78.6. A single adult needs to earn approximately $39,027 per year to cover basic expenses.